VETERAN OF FOREIGN WARS OF THE UNITED STATES DEPT OF CONNECTICUT

EIN: 060575594 Public & Societal Benefit

PUTNAM, CT

Total Revenue
$102,016
Total Expenses
$113,562
Total Assets
$8,978
Net Assets
$-78,605
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1947
Legal Domicile
CT
Principal Officer
RAYMOND BEAUSOLEIL
Phone
8609284206
Tax Period
2024-07-01 to 2025-06-30

VETERAN OF FOREIGN WARS OF THE UNITED STATES DEPT OF CONNECTICUT, founded in 1947, is a small nonprofit in the Public & Societal Benefit sector that reported $102K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $114K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO ASSIST IN HELPING VETERANS AND THEIR FAMILIES RECEIVE BENEFITS ENTITLED TO THEM AS WELL AS PROVIDING ASSISTANCE TO THE LOCAL COMMUNITY THROUGH OUTREACH PROGRAMS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,918
Program Service Revenue $0
Investment Income $81,338
Other Revenue $18,760
TOTAL REVENUE $102,016

Expense Breakdown

Grants Paid $0
Salaries & Benefits $14,263
Fundraising Expenses $0
Program Expenses $7,073
Other Expenses $96,871
TOTAL EXPENSES $113,562

Year-over-Year Comparison

2024 2023 Change
Revenue $102,016 $120,620 -0.2%
Expenses $113,562 $117,968 0.0%
Net Income $-11,546 $2,652 -5.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
169
Independent Members
169
Employees
N/A
Volunteers
30

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
12
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HANS WILLIAM LOWELL QUARTERMASTER 40.00
Officer
$0 $0 $0
WILFRED R VELTHEIM SENIOR VICE COMMANDER 10.00
Officer
$0 $0 $0
MARK J WILLIAMS JUNIOR VICE COMMANDER 8.00
Officer
$0 $0 $0
RAYMOND I BEAUSOLEIL QUARTERMASTER 40.00
Officer
$0 $0 $0
TOD LEE SMITH CHAPLAIN 15.00
Officer
$0 $0 $0
LEON E WALLACE 1 YEAR TRUSTEE 10.00
Officer
$0 $0 $0
ROBERT F GRAHAM 2 YEAR TRUSTEE 15.00
Officer
$0 $0 $0
DAVId PAUL BUTLER 3 YEAR TRUSTEE 20.00
Officer
$0 $0 $0
ALBERT E HEATH ADJUTANT 20.00
Officer
$0 $0 $0
ROBERT B CHALLINOR SERVICE OFFICER 50.00
Officer
$0 $0 $0
ROBERT B CHALLINOR JUDGE ADVOCATE 4.00
Officer
$0 $0 $0
TOD LEE SMITH SURGEON 4.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $102,016 $113,562 $8,978 $-11,546
2024 $120,620 $117,968 $25,542 $2,652
2023 $197,419 $133,505 $28,531 $63,914
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